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AI Analysis of ERIE
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Erie Indemnity Company stock price up 1.32% on Friday
(Updated on May 03, 2024)

Sell candidate since Apr 16, 2024 Gain 2.37% PDF

The Erie Indemnity Company stock price gained 1.32% on the last trading day (Friday, 3rd May 2024), rising from $384.94 to $390.01. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.71% from a day low at $383.82 to a day high of $390.40. The price has risen in 7 of the last 10 days and is up by 2.21% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 44 thousand shares were bought and sold for approximately $16.97 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.85% during the next 3 months and, with a 90% probability hold a price between $396.94 and $465.15 at the end of this 3-month period.

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ERIE Signals & Forecast

There are mixed signals in the stock today. The Erie Indemnity Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $392.99. On a fall, the stock will find some support from the short-term average at $382.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -6.55%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Erie Indemnity Company stock

Erie Indemnity Company finds support from accumulated volume at $389.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $6.58 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.59%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ERIE) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Erie Indemnity Company to open at $388.08, and during the day (based on 14 day Average True Range), to move between $382.61 and $397.41, which gives a possible trading interval of +/-$7.40 (+/-1.90%) up or down from last closing price. If Erie Indemnity Company takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $389.34 (0.17%) than the resistance at $406.88 (4.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Erie Indemnity Company stock A Buy?

Erie Indemnity Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.173 Sell Candidate Unchanged

Predicted Opening Price for Erie Indemnity Company of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$388.08 ( 0.496%) $390.01

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ERIE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 394.66 1.19 %
R2 392.14 0.547 %
R1 390.59 0.149 %
Current price: 390.01
Support S1 385.56 -1.14 %
S2 384.01 -1.54 %
S3 381.50 -2.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 416.79 6.87 %
R2 408.17 4.66 %
R1 406.88 4.33 %
Current price 390.01
Support S1 389.34 -0.172%
S2 382.66 -1.88%
S3 355.48 -8.85%

ERIE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 23, 2024 Jul 09, 2024 Jul 23, 2024 $1.28 0.328%
2 Apr 23, 2024 Jul 08, 2024 Jul 23, 2024 $1.28 0.328%
3 Feb 22, 2024 Apr 08, 2024 Apr 23, 2024 $1.28 0.332%
4 Dec 05, 2023 Jan 05, 2024 Jan 23, 2024 $1.28 0.377%
5 Jul 25, 2023 Oct 04, 2023 Oct 20, 2023 $1.19 0.397%

FAQ

What is the symbol for Erie Indemnity Company Stock and on which exchange is it traded?
The symbol for Erie Indemnity Company is ERIE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Erie Indemnity Company Stock?
Erie Indemnity Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Erie Indemnity Company Stock?
Erie Indemnity Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Erie Indemnity Company Stock.

What's the current price of Erie Indemnity Company Stock?
As of the end of day on the May 03, 2024, the price of an Erie Indemnity Company (ERIE) share was $390.01.

What is the 52-week high and low for Erie Indemnity Company Stock?
The 52-week high for Erie Indemnity Company Stock is $251.33 and the 52-week low is $140.40.

What is the market capitalization of Erie Indemnity Company Stock?
As of the May 03, 2024, the market capitalization of Erie Indemnity Company is 18.014B.

When is the next earnings date for Erie Indemnity Company?
The upcoming earnings date for Erie Indemnity Company is Jul 25, 2024.
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About Erie Indemnity Company

Erie Indemnity Company Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and polic... ERIE Profile

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